In this 21st-century technology is growing at a tremendous rate. Gone are the days when we have to write the program logic in order to perform some specific task. Nowadays, Artificial Intelligence (also called as AI) is the new buzz word in the market that has gone viral in the tech industry. Since you are here it is quite clear that you are very new to the domain of artificial intelligence and are very keen to know about it. Well, let me explain you in detail –
According to the father of Artificial Intelligence, John McCarthy, it is – “The science and engineering of making intelligent machines, especially intelligent computer programs”.
Nowadays, Researchers and programmers are trying to make machines that are self-capable of learning by training them to learn and perform tasks logically like humans. Google has recently launched their AI based chat app known as “Google Allo“. It helps users to make smart conversation through instant response using Google Assistance. The app analyses user’s behavior and accordingly modifies the response. With Allo, the communication becomes more intuitive and quicker. Further, you must have heard about self-driving cars that are being designed by companies like Google and Tesla, the technology they are using to make this magic happen is none other than Artificial Intelligence.
What are the applications of AI?
Globally, AI has left out remarkable footsteps in various industry. But in India, there is a lot more scope available and it needs to be implemented under many sectors. Here we have mentioned few of the major applications and sectors that can revolutionize Indian as well as global market.
Vision based systems – AI can be very useful in the vision based system where it can detect and recognize the object on the basis of visual input via video or image. Few suggested applications can be in the field of the surveillance system and spy drone bots.
Speech Recognition systems – Chatbots and speech bots are some of the applications of AI. Google Voice Agent, Google Allo and Apple’s Siri are few of the live examples of it.
Healthcare – Artificial intelligence is breaking into the healthcare industry by assisting doctors. According to Bloomberg Technology, Microsoft has developed AI to help doctors find the right treatments for cancer.
Retail – There is an immense scope for improvement in the retail industry where AI can be fitted. Customers can virtually try their clothes using an app or we can use object/facial detection that can help retail sector become smarter.
Finance – AI can play a vital role in smart banking for preventing frauds and fake claims. AI is also helpful in stock prediction on the basis of previous data.
Auto – As of 2016, there are over 30 companies utilizing AI into the creation of driverless cars. A few companies involved with AI include Tesla, Google, and Apple.
Cyber Security – By using the power of AI, we can predict the type of cyber attack that might happen in future and further can take a step in order to prevent it before it’s happening.
Well seeing AI’s popularity and amazing outcomes, there comes a very important question in mind –
The rise of Artificial Intelligence – Exciting or Scary ?
According to an article written by Mohammed Waseem in TOI – Noida Times dated on 4th Aug’2017, he mentioned something worth that we were positively forced to put it in our blog post, Let’s see what he said –
AI is a fascinating field not just for the immense potential it holds, but also for the ultimate ego boost. The thing about AI is that it is exciting and scary in equal parts – exciting because of the possibilities it could offer, and scary because of the limited understanding most of us have of it. There have been developments that support both feelings.
‘I have exposure to cutting-edge AI, and I think people should be really concerned about it… AI is a rare case where we need to be PROACTIVE about the regulation instead of REACTIVE’
In response to Elon’s comment, Mark Zuckerberg, founder of Facebook replied –
‘ I think people who are naysayers and try to drum up these doomsday scenarios… I don’t understand it. It’s really negative, and in some ways, I think it’s pretty irresponsible’ “
Well, we believe any technology can be used for good or bad, it’s just how we make it work and yes, we should be proactive all the times not only in the case of AI.
AI is a vast domain and is under research and development but one can’t deny its power. There is an unimaginable scope of AI that can make the world smarter than ever. AI has its implementation in the sectors like retail, healthcare, auto, cybersecurity, fin-tech, ed-tech and much more. It’s just that we should avoid our over dependency on machines.
AIMagnifi is an Artificial Intelligence and Computer Vision based company. We primarily aim to target the unexplored combination of retail sector with the power of AI. We currently have an essence of expertise in the areas of Artificial Intelligence, Computer Vision, Facial Recognition, Machine Learning, Deep Learning and Data Analytics. We target to bring out the best outcomes out of these areas that would ultimately personalize and enhance the experience of the end-user. For further details visit our website - http://aimagnifi.com